LES AVRILS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LES AVRILS
Largest movements
- Receivables within one year +€83,792
up €83,792 (+22.1%), from €378,726 to €462,518
of which Other amounts receivable: +€91,540
- Tangible fixed assets -€70,755
down €70,755 (-4.4%), from €1.6m to €1.6m
of which Land and buildings: -€50,394
- Other debts -€70,477
down €70,477 (-15.8%), from €446,699 to €376,221
- Reserves +€45,227
up €45,227 (+98.0%), from €46,156 to €91,383
- Debts after one year +€32,650
up €32,650 (+2.6%), from €1.3m to €1.3m
- Current portion of long-term debt +€30,933
up €30,933 (+21.6%), from €143,093 to €174,026
- Financial income +€114,974
up €114,974 (+1,136%), from €10,121 to €125,095
- Staff costs +€42,591
up €42,591 (+10.6%), from €402,196 to €444,786
- Gross operating margin -€31,106
down €31,106 (-5.4%), from €572,229 to €541,123
- Other operating charges -€7,566
down €7,566 (-76.7%), from €9,861 to €2,295
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,075,565 | €2,098,324 | +€22,758 | +1.1% |
| Fixed assets | 21/28 | €1,688,156 | €1,617,400 | -€70,755 | -4.2% |
| Tangible fixed assets | 22/27 | €1,622,443 | €1,551,688 | -€70,755 | -4.4% |
| Land and buildings | 22 | €1,043,750 | €993,356 | -€50,394 | -4.8% |
| Plant, machinery and equipment | 23 | €553,666 | €535,811 | -€17,855 | -3.2% |
| Furniture and vehicles | 24 | €23,093 | €22,521 | -€572 | -2.5% |
| Leasing and similar rights | 25 | €1,935 | €0 | -€1,935 | -100% |
| Financial fixed assets | 28 | €65,712 | €65,712 | = | 0.0% |
| Current assets | 29/58 | €387,410 | €480,923 | +€93,514 | +24.1% |
| Amounts receivable within one year | 40/41 | €378,726 | €462,518 | +€83,792 | +22.1% |
| Trade receivables | 40 | €130,407 | €122,660 | -€7,748 | -5.9% |
| Other amounts receivable | 41 | €248,318 | €339,858 | +€91,540 | +36.9% |
| Cash at bank and in hand | 54/58 | €8,684 | €11,856 | +€3,172 | +36.5% |
| Deferred charges and accrued income | 490/1 | €0 | €6,550 | +€6,550 | |
| Total equity and liabilities | 10/49 | €2,075,565 | €2,098,324 | +€22,758 | +1.1% |
| Equity | 10/15 | €66,616 | €111,843 | +€45,227 | +67.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €46,156 | €91,383 | +€45,227 | +98.0% |
| Distributable reserves | 133 | €46,156 | €91,383 | +€45,227 | +98.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,008,949 | €1,986,481 | -€22,469 | -1.1% |
| Amounts payable after more than one year | 17 | €1,267,440 | €1,300,089 | +€32,650 | +2.6% |
| Financial debts | 170/4 | €1,267,440 | €1,300,089 | +€32,650 | +2.6% |
| Amounts payable within one year | 42/48 | €737,976 | €675,052 | -€62,924 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €143,093 | €174,026 | +€30,933 | +21.6% |
| Trade debts | 44 | €47,225 | €28,237 | -€18,989 | -40.2% |
| Suppliers | 440/4 | €47,225 | €28,237 | -€18,989 | -40.2% |
| Taxes, remuneration and social security | 45 | €100,958 | €96,567 | -€4,391 | -4.3% |
| Taxes | 450/3 | €32,354 | €14,093 | -€18,261 | -56.4% |
| Remuneration and social security | 454/9 | €68,604 | €82,474 | +€13,870 | +20.2% |
| Other amounts payable | 47/48 | €446,699 | €376,221 | -€70,477 | -15.8% |
| Accrued charges and deferred income | 492/3 | €3,534 | €11,340 | +€7,805 | +221% |
| Non-recurring operating income | 76A | €46 | €21,944 | +€21,898 | +47,460% |
| Remuneration, social security and pensions | 62 | €402,196 | €444,786 | +€42,591 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,582 | €116,111 | +€5,529 | +5.0% |
| Other operating charges | 640/8 | €9,861 | €2,295 | -€7,566 | -76.7% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €1,452 | - | -€1,452 | |
| Gross operating margin | 9900 | €572,229 | €541,123 | -€31,106 | -5.4% |
| Operating profit (loss) | 9901 | €48,140 | -€22,069 | -€70,209 | |
| Financial income | 75/76B | €10,121 | €125,095 | +€114,974 | +1,136% |
| Recurring financial income | 75 | €10,121 | €125,095 | +€114,974 | +1,136% |
| Financial charges | 65/66B | €58,218 | €57,434 | -€784 | -1.3% |
| Recurring financial charges | 65 | €58,218 | €57,434 | -€784 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €43 | €45,592 | +€45,549 | +106,324% |
| Income taxes | 67/77 | €389 | €365 | -€24 | -6.2% |
| Profit (loss) for the period | 9904 | -€346 | €45,227 | +€45,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€346 | €45,227 | +€45,573 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.